Skud Posted December 24, 2013 Report Share Posted December 24, 2013 I have been trying to find a definite answer to that question online but can not find any info on paying tax on a used atv when I buy one privately. Anyone know the deal on this? I would guess that it includes boats. Link to comment Share on other sites More sharing options...
BillM Posted December 24, 2013 Report Share Posted December 24, 2013 I would guess yes once you transfer over the title/plate to your name. Link to comment Share on other sites More sharing options...
porkpie Posted December 24, 2013 Report Share Posted December 24, 2013 You must pay HST when transferring the bike into your name regrettably. Link to comment Share on other sites More sharing options...
krixxer Posted December 24, 2013 Report Share Posted December 24, 2013 I've registered a few thing under the bartering system. Cars go by the book but things get iffy with motorcycles boats etc.. try it if you can get the owner to collaborate Link to comment Share on other sites More sharing options...
GBW Posted December 24, 2013 Report Share Posted December 24, 2013 (edited) You should pay taxes on your "purchase price" but if the price is too low for the Govt then they audit it and make you pay a min. tax. So if you buy a quad for $3500 and they seller says "$100" then when you go to Svc ON they ding you on what is Fare Market Value according to them. That's how they taxed me on my tinny when I bought it off a friend of the family. Considering my purchase price was much lower than FMV according to them. Edited December 24, 2013 by GBW Link to comment Share on other sites More sharing options...
Nipfisher Posted December 24, 2013 Report Share Posted December 24, 2013 Get the bill of sale to say "Sold as-is" or "for parts" then the seller can put a nominal amount like $200-$500. Geoff is right though if it is a 2010 600cc bike/sled then they wont accept $500 as the sale price. Other thing is if you buy a boat on a trailer then only the trailer is transferable so get the bill of sale to say $100 for the trailer (boat and motor can be any amount). Trailer can also be registered as home-made so registration/ownership is not as important as it is on a sled/bike. Link to comment Share on other sites More sharing options...
Skud Posted December 24, 2013 Author Report Share Posted December 24, 2013 Thanks for the info guys. Much appreciated. Link to comment Share on other sites More sharing options...
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